Tune in this week to learn more about innovations in regulation from Ian Meiksins of Key Bridge Compliance. In particular, we will discuss what innovations are taking place at the SEC and what our clients can do about it.

Key Takeaways

• [02:00] - What makes Cincinnati unique and what are some fun things to do while visiting?
• [03:11] - Ian’s recommended books or movies for our listeners.
• [04:57] - Ian’s professional background and how he got involved with compliance, specifically.
• [07:42] - What are some of the SEC’s proposals related to ESG investing and what are they trying to achieve with these?
• [12:20] - How does Ian see the SEC’s AI rules shaping up and what might its implications be for the industry?
• [14:23] - How does the SEC try and keep with technology when, while they are proposing, the industry has already moved generations ahead?
• [16:30] - The SEC’s proposed cyber security enhancements and rules and where they might be going with that.
• [20:20] - How are upcoming regulations going to make it more difficult for firms to outsource their compliance due diligence?
• [24:16] - Is there anything we didn’t cover today that Ian would want advisors to know?
• [25:50] - If Ian could snap his fingers to bring forth a new tech innovation to help the industry, what would he choose?

Quotes

[07:57] - "Asset managers globally…are expected to double the size of their assets under management that are allocated to ESG funds. I mean, we are talking from 18 Trillion to over 30 Trillion, and I think that’s a really big piece of why the SEC…[is] so focused on ESG funds and strategies." ~ Ian Meiksins

[13:06] - "Really what [the SEC is] fearing is that AI models will suddenly be produced on just a few, foundational…models, and then obviously we are going to be producing similar outputs. [This] makes it more likely that, if we are using those outputs for investment methodologies and investment decisions, we are going to have concentrated risk…in our financial markets, for our investors and other folks. [At the core of it the SEC] fear that homogenous industry outcome which puts our financial markets at risk." ~ Ian Meiksins

Links

• Ian Meiksins on LinkedIn
• Key Bridge Compliance

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Compliance Code: 1365-OAT-5/30/2024